ASEAN Economy News

ManilaBoy45

Junior Member

• Nov 15, 2012

• #11

Western Nations Can Learn from Asia: IMF Chief

Wong Wei-Shen
The Star
Publication Date : 15-11-2012

Western countries have much to learn from Asia as the latter has been through its own crisis back in 1997, according to International Monetary Fund (IMF) managing director Christine Lagarde.

In a lecture entitled “Asia and the Promise of Economic Cooperation”, Lagarde said Asia had risen from the Asian financial crisis stronger and more resilient on the back of sound macroeconomic and structural policies.

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ManilaBoy45

Junior Member

• Nov 15, 2012

• #12

Tender Offer Set for ETON, TOL, FMIC, CMT Prior to Delisting

November 12, 2012

Less than two months before the deadline set by the Philippine Stock Exchange (PSE) for publicly traded companies to comply with the minimum public ownership rule, several firms are opting for a delisting instead and are currently in the process of making a tender offer.

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ManilaBoy45

Junior Member

• Nov 16, 2012

• #13

Filipino Workers Remittances Hit New Record High

Michelle V. Remo
Philippine Daily Inquirer
Publication Date : 16-11-2012

Remittances rose further in September, hitting a new monthly high of US$1.8 billion, the Bangko Sentral ng Pilipinas (BSP), the central bank, said.

This only showed that the crisis in the eurozone did not put a damper on the ability of Filipino workers abroad to send money back to the country.

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ManilaBoy45

Junior Member

• Nov 17, 2012

• #14

Asean Business Summit Kicks Off

News Desk
The Brunei Times
Publication Date : 17-11-2012

The Asean Business and Investment Summit (Asean-BIS) will set the stage for further development of the Asean Economic Community (AEC) when it commences today in Phnom Penh, Cambodia.

The business summit, which ends tomorrow, will start with an open dialogue session with business leaders on "Opportunities and Challenges of Expanding Markets in East Asia".

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ManilaBoy45

Junior Member

• Nov 20, 2012

• #15

Southeast Asia Likely Hotspot for Global Investment Bank Growth

Wong Wei-Shen
The Star
Publication Date : 20-11-2012

Southeast Asia is expected to be a hotspot for growth for global investment banks while more consolidation is expected to reduce the number of major players to around 10 or less within the next three to five years, from the current 14.

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ManilaBoy45

Junior Member

• Nov 20, 2012

• #16

Indonesia's Oil Investment Ranking May Declined Says Official

Amahl S. Azwar
The Jakarta Post
Publication Date : 20-11-2012

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Indonesia's investment attractiveness in the oil and gas industry may be lessened amid the wariness of business players following a recent decision by the Constitutional Court to disband the nation's upstream oil and gas regulatory bureau, a top official has said.

 

ManilaBoy45

Junior Member

• Nov 21, 2012

• #17

Eurozone Crisis Likely to Impact Vietnam Exports

Business Desk
Viet Nam News
Publication Date : 21-11-2012

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Exporting to the EU market is predicted to be harder next year and growth will reduce to only 10 per cent against this year's 20 per cent estimation, said Dang Hoang Hai, director of the Ministry of Industry and Trade's European Market Department.

 

ManilaBoy45

Junior Member

• Nov 29, 2012

• #18

Philippine Economy Best Performer in Southeast Asia

Riza T. Olchondra
Philippine Daily Inquirer
Publication Date : 29-11-2012

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The Philippine economy grew 7.1 per cent in the third quarter year-on-year, exceeding expectations and making it the best performer in Southeast Asia.

The country’s economic growth was the strongest in Asia during the period after China’s.

“We are well on our way to surpassing our growth target of 5 to 6 per cent this year,” Socioeconomic Planning Secretary Arsenio Balisacan told reporters yesterday.

 

ManilaBoy45

Junior Member

• Nov 30, 2012

• #19

Vietnam, EU trade Deal to Spur Growth

News Desk
Viet Nam News
Publication Date : 30-11-2012

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A free trade agreement with the EU would bring Vietnam tangible benefits in terms of removed tariff barriers and increased legal certainty as well as wider intangible benefits that could help strengthen Vietnamese production chains, said the head of the Trade and Economic Section of the EU Delegation to Vietnam, Jean Jacques Bouflet, at a workshop in Hanoi yesterday.

 

ManilaBoy45

Junior Member

• Dec 2, 2012

• #20

Foreigners Upgrade Outlook on the Philippines

Doris C. Dumlao
Philippine Daily Inquirer
Publication Date : 03-12-2012

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After a surprising 7.1-per cent third-quarter economic growth, more international institutions have upgraded their economic outlook on the Philippines to factor in a stronger-than-expected economic momentum.